Newstead Foundation
Newstead Foundation is a private foundation, based in Old Saybrook, CT. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.4M in total assets. In 2025, it awarded 8 grants totaling $83K. Net investment income was $755K.
Newstead Foundation at a glance
In short: Newstead Foundation gave $83K across 8 grants in 2025 (avg $10K), top state Connecticut. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $83,000
- +16.8% vs 2024
- Grants made (2025)
- 8
- +14.3% vs 2024
- Average grant
- $10,375
- +2.2% vs 2024
- Median grant
- $7,500
- Total assets
- $1,444,299
- +82.2% vs 2024
- Primary geography
- Connecticut (30% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Newstead Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Equus Foundation Inc ($25K). Together the top 8 received $83K.
Grant Size Distribution
44 grants across all recorded years
The most common grant size was under $50K: 44 grants of 44 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
States
Cities
How Newstead Foundation gives
- Giving fell 42% from 2022 to 2025. Method
- In 2025 it paid out 139% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $10K (2023) to $143K (2022). In 2025 it made 8 grants totaling $83K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Equus Foundation Inc Westport, CT | General Use | $25,000 |
| Road to the Top Inc Wellington, FL | General Use | $20,000 |
| Danny & Ron's Rescue Camden, SC | General Use | $10,000 |
| Sheldrick Wildlife Trust USA Laguna Hills, CA | General Use | $10,000 |
| NAMI-Nat'l Alliance Mental Illness Arlington, VA | General Use | $5,000 |
| Red Rover-the Purple Leash Sacramento, CA | General Use | $5,000 |
| SF-Marin Food Bank San Rafael, CA | General Use | $5,000 |
| The Hill School Middleburg, VA | General Use-Centennial Campaign | $3,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,444,299 | $787,477 | $115,876 | $83,000 | 8 | $83,155 | $754,756 | $59,869 |
| 2024 | $792,698 | $-37,905 | $94,006 | $71,050 | 7 | $71,050 | — | $65,568 |
| 2023 | $904,668 | $32,967 | $21,919 | $10,000 | 1 | $10,000 | $21,048 | $54,772 |
| 2022 | $878,920 | $153,699 | $159,038 | $142,500 | 16 | $142,500 | $137,161 | $58,657 |
| 2021 | $885,224 | $164,122 | $111,489 | $91,000 | 12 | $91,000 | $146,383 | $68,622 |
| 2020 | $807,879 | $41,977 | $118,092 | $98,500 | 14 | — | $24,435 | $57,056 |
Under IRS private-foundation payout rules, Newstead Foundation reported a distributable amount of $60K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Newstead Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Richard F. Pappalardo
Trustee
On filings since 2020
No compensation reported
Alison F. Robitaille
Trustee
On filings since 2021
No compensation reported
Former officers (3)
- Former: Diana J. Firestone (2020–2023) — Director
- Former: Alison G. Firestone (2020) — Trustee
- Former: Bertram Firestone (2020) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Newstead Foundation
How much does Newstead Foundation give each year?
Newstead Foundation gave $83K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $71K across 7 grants.
What is Newstead Foundation's typical grant size?
Newstead Foundation's median grant in 2025 was $7,500, and its average grant was $10,375, across 8 grants on its 2025 IRS Form 990-PF.
Where does Newstead Foundation give grants?
Newstead Foundation's top state is Connecticut, with 30% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were California (24%) and Florida (24%).
Does Newstead Foundation give general operating support?
Yes: 100% of Newstead Foundation's 2025 grants with a stated purpose (8 of 8) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Newstead Foundation's largest grantees?
Newstead Foundation's largest 2025 grantees include Equus Foundation Inc ($25,000), Road to the Top Inc ($20,000) and Danny & Ron's Rescue ($10,000), according to its 2025 IRS Form 990-PF. Together they received 66% of its itemized 2025 grant dollars.
How large is Newstead Foundation?
Newstead Foundation reported $1.4M in total assets on its 2025 IRS Form 990-PF. It paid out $83K in qualifying distributions that year, against a required minimum of $60K (roughly 5% of its investment assets).
What is Newstead Foundation's EIN?
Newstead Foundation's EIN (Employer Identification Number) is 22-6054885. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 29, 2026)
- IRS filings on file for fiscal years 2020–2024
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